Garaventa v. Gardella

OPINION

By the Court,

Taber, C. J.:

For some years prior to 1919 John Garaventa and his wife Katherine were the owners of certain ranching properties in Washoe and Lyon Counties. In the latter part of 1918 and the early part of 1919 the Garaventa Land & Livestock Company was organized. John and Katherine conveyed said properties, including livestock, to the corporation, which had an authorized capital stock of 600 shares, each having a par value of $100. 598 shares were issued to John Garaventa, and one share each to Joseph and Frank, two of the children of John and Katherine. The father and…